Housing Wire
JANUARY 26, 2024
Pending home sales rose 8.3% month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. On a year-over-year basis, pending sales were up 1.3%.
Real Estate News
JANUARY 26, 2024
NAR says ThePLS.com, which sued the association and three major MLSs, is dismissing the case. But the door is open for it to refile this year.
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Housing Wire
JANUARY 26, 2024
Sparks and personal insults flew between Anthony Lamacchia , the broker-owner of Lamacchia Realty , and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit , during their virtual debate hosted by HousingWire on Friday afternoon. The hourlong debate began with both participants discussing their motivations for participating.
Keeping Current Matters
JANUARY 26, 2024
Home affordability depends on three factors: mortgage rates, home prices, and wages.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Housing Wire
JANUARY 26, 2024
The past three years in the mortgage industry were cutthroat, with origination volume shrinking, and while things are looking better for 2024 , lenders are still in a position where they must make bold moves to stem losses on the production side of the business, according to a report from Stratmor Group , a mortgage advisory firm. More than half of mortgage executives who participated in Stratmor’s recent survey indicated that they do not believe their companies have turned the corner to b
Real Estate News
JANUARY 26, 2024
Traffic data from Comscore showed Zillow with twice as many visitors as second-place Realtor.com, while Homes.com appeared to lose some ground.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 26, 2024
The uptick in pending homes is a “promising” sign of life in a market that has been sidelined by low inventory and high home prices.
Housing Wire
JANUARY 26, 2024
The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related to its programs for 11 consecutive years. The OIG advised HUD leadership to “address the Department’s longstanding challenges with identifying and preventing improper payments,” and that HUD “has been noncompliant with federal laws requiring agencies and departments to ide
Inman
JANUARY 26, 2024
At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements.
Housing Wire
JANUARY 26, 2024
Nevada’s unusual commission lawsuit is no longer so unusual. When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits. But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants.
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Inman
JANUARY 26, 2024
The Dallas and Austin-based global network will allow athletes, entertainers and others to more seamlessly find homes across the world, with agents who specialize in meeting their unique needs.
Housing Wire
JANUARY 26, 2024
There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained by the Bureau. Of those complaints, 167 had to do with “trouble during the payment process,” while other topics included payment issues (80), closing issues (63) and application problems (49).
Real Estate News
JANUARY 26, 2024
In a post on LinkedIn, eXp’s EVP of People implied that nearly three dozen people were laid off this week.
Inman
JANUARY 26, 2024
With listings still in short supply, homebuyers are "dealing with an affordability shock" and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY.
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Bigger Pockets
JANUARY 26, 2024
As part of its goal to increase affordable mortgage access for homebuyers in the United States, Fannie Mae announced in December that it would accept attorney-opinion letters (AOLs) in place of title […]
Inman
JANUARY 26, 2024
AI-driven, personalized listings will include an immersive virtual tour experience and data will be used not just for sales and marketing, but also restorations, renovations and appraisals.
RIS Media
JANUARY 26, 2024
The personal consumer expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, increased 0.2% in December, according to estimates released Jan. 26 by the Bureau of Economic Analysis (BEA). Excluding food and energy, the PCE price index increased 0.2%. Real DPI increased 0.1% in December, and real PCE increased 0.5%. Goods increased 1.1%,… The post Inflation Numbers Show Progress; Lower Mortgage Rates Possible Soon appeared first on RISMedia.
Inman
JANUARY 26, 2024
Mike DelPrete examines how the number of mortgage loan originators on staff at disruptive mortgage companies can offer a leading indicator of financing demand.
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RIS Media
JANUARY 26, 2024
New construction is having its time in the sun. Applications for new-home purchases jumped 22.2% in December 2023 compared to a year ago, according to data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) released this past Thursday. This marks the 11th consecutive year-over-year lift in new-home purchase applications. “The low level of… The post New-Home Loan Applications Jumped, Housing Starts Have Solid Showing in December appeared first on RISMedia.
Inman
JANUARY 26, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Bigger Pockets
JANUARY 26, 2024
With house flipping activity remaining high across the country, many investors are wrestling with this question: Is house flipping ethical? There are two sides to the argument, both of which we detail here.
Inman
JANUARY 26, 2024
Based on early data from its Market Review, 2024 is already looking to be a promising year for vacation rentals after a frustrating 2023.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
RIS Media
JANUARY 26, 2024
Forbes Global Properties has announced the addition of luxury specialist Power Infra Pro Pvt Ltd to its network. The firm will now operate under the new name of India Forbes Global Properties and represent the brand throughout the New Delhi region. “It is an absolute honor to welcome India Forbes Global Properties to our international… The post Forbes Global Properties Expands to India appeared first on RISMedia.
Inman
JANUARY 26, 2024
Ask the Agent is a web-based video production suite designed to help agents create short-form video resources for their clients, leads and colleagues.
RIS Media
JANUARY 26, 2024
Realty ONE Group is the #1 real estate brand for the third year in a row on Entrepreneur’s 2024 Franchise 500® ranking. This is the eighth year the company has made the list, climbing each time. The Las Vegas-based international franchisor sold 81 new franchises last year, and completed over 87,000 real estate transactions at… The post Realty ONE Group Named the No. 1 Real Estate Brand appeared first on RISMedia.
Eye on Housing
JANUARY 26, 2024
NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% of new home sales in 2023—a 1.3 percentage point decline over the year but still the second-highest share since 1991. In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% in 2023.
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RIS Media
JANUARY 26, 2024
Pending home sales rose 8.3% in December, the largest jump seen since June 2020’s 14.9% increase, according to the latest data from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI) for December registered at 77.3, reflecting a moderate level of activity (an index of 100 is equal to the 5 to… The post Pending Home Sales See Biggest Increase Since 2020 appeared first on RISMedia.
HomeLight
JANUARY 26, 2024
If you’re purchasing a home, or planning to make an offer on a home, it’s likely that your biggest concern is whether you’re buying a house that’s in good shape under the hood. For this reason, most contracts contain an inspection contingency clause. But what happens if the inspection contingency expires? If this contingency period lapses before you’ve finalized your decisions, will you lose your deposit?
Bigger Pockets
JANUARY 26, 2024
As an investor, you have many options when it comes to where you put your money. Trust deeds offer another way to get creative with your financing.
Sotheby's International Real Estate
JANUARY 26, 2024
Las Vegas, Nevada | Las Vegas Sotheby’s International Realty The roughly 10,000-square-foot house, which overlooks the Strip, has airplane-like features and a four-car garage that doubles as a mini-aviation museum. An Aviation-Obsessed Couple Lists Large Las Vegas Home for $18.5 Million – The Wall Street Journal This $12.5 Million Arizona Mansion Is a Sports Lover’s Dream – Robb Report Kansas City’s Briarcliff West Is an Affluent Enclave With a Low-Key Vibe—Travis Kelce and Taylor
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
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